Question: QUESTION TWO (5 marks) Barker Inc. uses the weighted average method in its process costing system. The following data concerns the operations of the company's
QUESTION TWO (5 marks) Barker Inc. uses the weighted average method in its process costing system. The following data concerns the operations of the company's processing department for the month of October 2020: Units in process, beginning 800 (25% of materials added, 60% of conversion complete) Units in process, ending 200 (50% of materials added, 90% of conversion complete) Units started into production during the month 15.000 Units completed and transferred out Required: Complete only the portion of the Production Report provided on this page for this department: Complete the quantity schedule for the units accounted for and the equivalent units of production for materials and conversion costs. BARKER INC. PRODUCTION REPORT-PROCESSING DEPARTMENT MONTH ENDED OCTOBER 31, 2020 Quantity schedule and equivalent units Quantity Schedule Units to be accounted for Beginning WIP(25% materials added, 60% Conversion complete) 800 Started into production 15 000 I Total Units 15,800 EQUIVALENT UNITS Units accounted for as follows: Materials Conversion Total Units
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